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Pacific Hydro seems to be devoting a lot of energy to acquiring more energy assets and growing from a small to a medium sized energy producer in the process. In the past 18 months alone it has bought 100% of the Ord River hydro-electric project in Western Australia (90MW) and commenced two joint venture hydro-electric projects in the Philippines. These have a combined generating capacity of 135MW with PHY owning a 30% interest in both projects. More recently, it acquired a 50% interest in Bay of Plenty Electricity Ltd in New Zealand.

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